KBC Group (OTCMKTS:KBCSY) Issues Quarterly Earnings Results

KBC Group (OTCMKTS:KBCSY) issued its quarterly earnings results on Thursday. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.06, Zacks reports. KBC Group had a net margin of 15.91% and a return on equity of 14.53%. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.54 billion.

KBC Group Trading Down 1.5%

Shares of KBCSY opened at $61.89 on Friday. The business’s 50 day moving average is $59.51 and its 200 day moving average is $54.75. The company has a market capitalization of $51.68 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.41 and a beta of 0.80. KBC Group has a 12-month low of $35.43 and a 12-month high of $63.93.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of KBC Group in a report on Friday. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of KBC Group in a research report on Tuesday, August 12th. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research report on Wednesday, October 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a research note on Friday, August 8th. Finally, Zacks Research cut shares of KBC Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About KBC Group

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.